Netflix (NFLX) will report earnings after the market close on Wednesday, July 15th for the company’s second quarter of fiscal 2015. According to Reuters, analysts are expecting revenue to come in at $1.65 billion with earnings per share of $0.31, based on the pre-split share count. Netflix will enact a 7 to 1 stock split on Tuesday, July 14th in order to make the stock more attractive to investors. If Netflix meets estimates of $1.65 billion, that will be a 23% increase in sales compared to the same period last year. Shares for the California based Internet streaming company, known for original shows like ‘House of Cards’ and ‘Orange is the New Black’, rose $27 on Monday’s trading off of news that Goldman Sachs upped its price target from $620 to $780. Analysts are expecting that international growth will help continue to fuel the company’s subscription growth coming into this earnings report. Shares of Netflix are up 107% since the beginning of the year.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
